Initial financing for Costa Rica, Barbados, Rwanda, Bangladesh and Jamaica tied to efforts to ‘green’ PPP frameworks.
Privatisation
Social services
News
World Bank issues new guidance on PPPs legal frameworks, ignoring long-standing concerns with the model
New World Bank guidance on PPP legal frameworks evidence of institution’s continued reliance on PPPs as key to addressing SDG financing gap despite well-documented failures. Previous World Bank PPP contracts template criticised for incompatibility with human rights norms.
Social services
News
Civil society calls to move away from PPPs grow, while World Bank doubles down on private finance-led approach
Civil society ramps up calls to move away from public-private partnerships (PPPs) with Santiago Declaration for Public Services.
Infrastructure
News
MIGA’s support for gas projects raises concerns about its climate credentials
World Bank’s commercial insurance arm provided nearly $850 million in guarantees for gas projects in Bangladesh and Mozambique in fiscal year 2022.
Social services
News
Global Day of Action against the IMF and World Bank rejects corporate recovery agenda
Civil society day of action rejects corporate agenda and greenwashing in World Bank and IMF Covid-19 recovery.
Finance
News
Civil society frustrated by lack of substantive engagement in IDA20 replenishment process
Private sector first approach intact in IDA20 replenishment despite CSO recommendations.
IFI governance
Background
An economic future for whom? The Cascade/MFD and recovery
Notes from the virtual Spring 2021 Civil Society Policy Forum on 25 March 2021.
IFI governance
Analysis
Annual Meetings 2020 Preamble: IMF and World Bank frontload austerity and privatisation in Covid-19 recovery, while the world calls for more inclusive multilateralism
As the inability of Bank and Fund to adapt their policies in response to the Covid-19 pandemic becomes more evident, hope turns to the UN system and a radical restructure of the global international financial architecture.
Knowledge
News
Doing Business Report to be published after temporary suspension over data irregularities
World Bank plans to publish latest DBR in March and undertake an external review of the report’s methodology.
Social services
News
World Bank loan to India promotes private sector in education as millions of children out of school
World Bank Indian education loan causes controversy over private sector provisions.
Featured briefings
27 September 2023
Financialisation and human rights in the Middle East and North Africa
This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.
19 July 2023
The Bretton Woods Observer: Summer 2023
3 July 2023
Civil Society calls for rethink of World Bank’s ‘evolution roadmap’ as part of wider reforms to highly unequal global financial architecture
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.